Wills and Trusts in Beverly Hills
Plan Ahead and Protect Your Family’s Future
At Stolar & Associates, we firmly believe it is never too soon to begin
planning for your future. If something were to happen to you tomorrow,
can you confidently say those closest to you would be taken care of? Pondering
the what-if situations isn’t fun, but it’s a good idea to
consider the state of your assets in order to better secure the future
of your family and loved ones. To plan your will or trusts, contact our
estate planning lawyers.
Our firm has more than 30 years of experience, and we are proud to offer
professional, approachable legal services to all of our clients. We provide
tailored legal help to meet the specific needs of each client, protecting
their best interests every step of the way. Based in Beverly Hills, we
provide help with wills and trusts throughout the Los Angeles area.
Schedule your free case evaluation
with our attorneys, today!
What is a Will?
Wills are the most common document in an estate plan, and they fulfill
the most basic needs in dividing an individual’s assets. In a will,
a person can designate who will receive their possessions upon their death.
This includes properties, funds, vehicles, or any other belongings. You
can split your possessions in any way you choose, and may even designate
that certain properties or funds be sent to charities. If you have young
children under the age of 18, you may also use the will to appoint guardianship.
Should the owner of the will wish to include any conditions for the beneficiaries,
the details of those stipulations should be outlined in the will. An experienced
attorney will be able to help you draft a will according to your exact
specifications, including any stipulations you would like to impose on
your beneficiaries. For example, a person may wish to leave a fund to
his grandson, but only if he enrolls in a university.
What is a Trust?
With a trust, the grantor can designate someone, a trustee, the power to
manage the property on behalf of another person, the beneficiary. The
property may ultimately be the beneficiary’s, but the trustee will
manage and control the property until the beneficiary is able to take
the reins. The use of a trust can be particularly useful if the grantor
wishes to leave a large sum to a younger person who is not yet old enough
to manage it. The appointed trustee could maintain the funds and properties
until the beneficiary is of age and is therefore capable of such arrangements.
The property in a trust may be physical property or monetary funds.
Choose Stolar & Associates, A Professional Law Corporation
Whether you need to make adjustments to your existing will and trusts or
you need to create them from scratch, our lawyers can help. Without these
necessary documents, your estate could go to probate court upon your death,
which can be long, difficult, and taxing. To save your family the added
strain and financial burden after your passing, establishing a firm, legally
binding estate plan is the best way to secure their future. Our firm has
ample professional resources to draw on in order to compose your will
and trust to your exact specifications. Don’t leave your finances
and properties to chance, establish a legal plan with our competent lawyers, today.
Contact Stolar & Associates, A Professional Law Corporation
to begin establishing your will or trust.